per capita

Per Capita

[Latin, By the heads or polls.] A term used in theDescent and Distributionof the estate of one who dies without a will. It means to share and share alike according to the number of individuals.

In a per capita distribution, an equal share of an estate is given to each heir, all of whom stand in equal degree of relationship from a decedent. For example, a woman died intestate, that is, without a will. Her husband and three children predeceased her, and her only living heirs are her ten grandchildren. These grandchildren will take per capita. In other words, each grandchild will receive one-tenth of the estate.

Per capita differs from per stirpes, where persons do not inherit in their individual capacity but take as part of a group represented by a deceased ancestor closer in line to the decedent.

per capita

adj. Latin for "by head," meaning to be determined by the number of people. To find the per capita cost, the total number of persons are added up and the bill, tax or benefits are divided equally among those persons.

per capita

‘by head’, one of two common methods of division of a fund, usually an estate. Per capita is division by head. Everyone gets an equal share, no matter how close or distant the relationship. Per stirpes is ‘division by branch’ - each branch of the family gets the same. For example, Robert has two sons, William and Edward. William's sons are Tom and David. Edward's sons are Mike and Harry. If William dies and then Robert dies, then the estate would per capita be divided equally between Tom, David and Edward, each getting one third (Mike and Harry being excluded by their living father, Edward). If the division is per stirpes, then the William branch and the Edward branch get half each. Edward is alive and gets his half, whereas on this model Tom and David take a per capita division of the amount allocated to the stirpes, i.e. one quarter of the estate.

PER CAPITA, by the head or polls. This term is applied when an estate is to
be divided share and share alike. For example, if a legacy be given to the
issue of A B, and A B at the time of his death, shall have two children and
two grandchildren, his estate shall be divided into four parts, and the
children and grandchildren shall each have one of them. 3 Ves. 257; 13 Ves.
344. Vide 1 Rop. on Leg. 126, 130.

Launched in 2016, AmBisyon Natin 2040 was aimed at tripling Filipinos' per capita income to $11,000 in 24 years' time by sustaining at least 6.5-percent annual GDP growth along with the implementation of policies that would make the Philippines a high-income country by 2040.

Data Analysis Model in used is the model of calculation of real GRDP, Calculation of Economic Growth Rate and calculation model of Income per capita. Economic development states that to see the pace of development of a State and the development of the welfare level of its people, the increment of regional income and income per capita from time to time must be calculated [11]: Real GRDP (at Constant Prices) is used to measure the economic growth because GRDP value is not affected by price change with formula as the following:

Official sources on Sunday said per capita income is one of the main indicators of economic well-being and it is historically one of the most commonly used economic indicator which captures level of economic development of the country and also compares well-being among different countries of the world.

Per capita, residents of New Hampshire earn about $9,000 more than the average person in the United States, but residents of Massachusetts earn about $7,000 more than Granite Staters, and those in Connecticut average $13,000 more.

While most nations on the list have small populations (relatively), it is impressive that the world's largest economy, the United States, can maintain a per capita GDP (PPP) of $54,630, considering its population of over 310 million people.

Analysts at FindTheHome.com, a website that tracks real estate trends, took a look at the average per capita income in American cities larger than 4,000 people from the data provided by the Census' American Community Survey (ACS).

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